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Sprott's Rick Rule Says Gold Miners Are Too Cheap

July 03, 2013 | About:
Canadian Value

Canadian Value

If you are an investor who is contrarian by nature you are probably looking at gold mining companies as potential investments these days. There is no sector in the market so beaten down.

Also, if you are an investor who likes to follow "Gurus" like Jim Grant, Jim Rogers, Marc Faber and David Einhorn you are likely sniffing around gold and gold miners, as each of those gentlemen thinks gold is a good investment today.

Sprott's Rick Rule discussed the case for gold and gold miners today on CNBC.

Rule thinks that over time gold will go much higher but that in the near term there could be capitulation selling that sends gold down to $1,000.

He thinks gold miners today are too cheap. He singles out the gold streaming companies as being especially attractive over the long term.

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Canadian Value

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